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Bloomberg Employees of Sears Holdings, inspired by the hardship fund for workers affected by the collapse of Toys ‘R’ Us Inc., are asking Chairman Eddie Lampert and the firms involved in the chain’s bankruptcy to preserve jobs and stores as well as guarantee severance pay and pensions. “While we understand that Sears and Kmart must make changes to survive, we ...

Bloomberg Wayfair Inc.’s strong Cyber Five year-over-year sales gain suggests “considerable upside potential for this quarter,” according to Baird Equity Research, who cites comparable period results over the past two years. The Boston-based online home-goods retailer reported a 58 percent increase in direct retail sales for the shopping period of Thanksgiving Day through Cyber Monday. This compares to 2017 and ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said that Commemoration Day is a national occasion to remember the ultimate sacrifice of the noblest sons of the United Arab Emirates who gave up their lives for the glory of this great ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that it is moving ahead with plans to expand the capture, storage and utilisation of carbon dioxide (CO2), produced from either the Habshan-Bab gas processing facilities or the Shah gas plant. A decision on which plant to capture the CO2 from first will be taken in ...

ABU DHABI / WAM The UAE Government adopted the launch of the Industrial Development Strategy 2030, with a view to develop and build the capacities of the UAE industrial sector. The strategy includes developing a road map to achieve a number of objectives within a specific time frame, establish a set of enablers that would increase the contribution of the ...

ABU DHABI / WAM Senaat, one of the largest industrial investment holding companies in the UAE, announced that it has successfully issued AED1.1 billion ($300 million) through a fixed rate senior unsecured US dollar denominated RegS sukuk with a 7 year tenor. The issue follows a series of investor meetings which took place in Europe and Asia, as well as ...

Emirates Business The economic outlook for UAE is set to accelerate to 2 percent this year, up from the eight-year low of 0.8 percent in 2017, supported by rising oil prices, regional economic recovery, higher public spending and investment and a build-up in business momentum, according to ICAEW’s latest Economic Insight report. The accountancy and finance body says the non-oil ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has stressed the importance of utilising digital tools in the design and implementation of government services. “We want the UAE Government to develop unique services using innovative tools and advanced technologies, that contribute towards providing the ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have affirmed that the UAE, under the leadership of President His Highness Sheikh ...

ABU DHABI / WAM Etihad Airways’ first-ever scheduled flight, EY49, linking Abu Dhabi and Barcelona, departed from Abu Dhabi on Wednesday morning carrying a special delegation including dignitaries, media representatives, influencers and senior members of Etihad Airways’ management team. The UAE national airline is celebrating the occasion in style by hosting a special event held at the historic Capella dels ...